Police arrest fifth man in London Capital & Finance probe June 20, 2019 Police yesterday arrested millionaire businessman Paul Careless in connection with the collapse of mini-bond investment firm London Capital & Finance (LCF). He is the fifth person arrested as part of a Serious Fraud Office (SFO) investigation into LCF’s failure. An SFO spokesperson said: “On 19 June 2019, search warrants were executed at several properties in [...]
Hammersmith Bridge repair costs will not be known until August, says Sadiq Khan June 20, 2019 London mayor Sadiq Khan has said it will take until August for the costs of repairing the closed Hammersmith Bridge to be revealed. London Assembly member Tony Devenish, who represents West Central, asked the mayor whether the four-month time period could be brought forward. Read more: Council blasted for ‘incompetence’ over Hammersmith Bridge closure Khan [...]
What’s wrong at Dixons Carphone? Analysts react to loss as shares dive June 20, 2019 Dixons Carphone revealed huge losses of £259m this morning and warned there was “more pain” to come in its struggling mobile phone division. It blamed the rapidly changing mobile phone market in the UK and said it would take two years to break even amid a transformation plan. Read more: Dixons Carphone shares plunge as [...]
RMT rail union accuses Sadiq Khan of Tory cuts ‘stitch up’ June 20, 2019 The RMT rail union has accused Sadiq Khan of carrying out “Tory cuts to the Tube” as it protests outside City Hall this morning. The union claims that Transport for London (TfL), which Khan chairs, has “given up” on restoring central government funding to the transport body. Read more: Tube strike action on the cards [...]
Japan 0-2 England: Lionesses pass the test but still have things to work on at Women’s World Cup June 19, 2019 Phil Neville has made clear his desire to shape England into a possession-based side. By this evidence it remains a work in progress. After unspectacular wins over Scotland and Argentina, the Lionesses were faced with their biggest test of the Women’s World Cup against Japan in Nice. They passed the test – but, despite the [...]
Government proposes measures to tackle late payment scourge June 19, 2019 Large businesses could be fined for not paying smaller suppliers on time as part of a raft of proposals to tackle a problem that sees thousands of small firms go bust every year, the government said today. Read more: Rolls Royce and Vodafone among firms kicked off late payment scheme Small business minister Kelly Tolhurst [...]
Chris Tremlett: Eoin Morgan’s Afghanistan blitz showed England captain’s leadership skills as well as power June 19, 2019 Eoin Morgan has always been someone who cashes in when he gets on a roll, but even for him the World Cup performance against Afghanistan yesterday was special. As captain of the one-day side Morgan has tried to make England as dominant as possible and his innings of 148 from 77 balls, with an ODI [...]
Labour refuses to back holding a second Brexit referendum if they are in power June 19, 2019 Labour would push for second Brexit referendum on “any deal” agreed with the EU, Jeremy Corbyn has announced – but it is not clear if that only applies to an agreement negotiated by the Conservatives. In a statement on Wednesday afternoon, the Labour leader called for a public vote – saying the ballot paper should [...]
City travel startup Duffel bags $21.5m round from Benchmark June 19, 2019 Travel booking software startup Duffel today closed a $21.5m (£17.1m) in a series A funding round led by Snap and Uber-backer Benchmark. Blossom Capital also participated, as well as existing investor Index Ventures. The startup has raised $26.2m to date. “The travel industry is underpinned by archaic software and processes that are fundamentally prohibitive for [...]
Coast Capital nominee for First board turns down role June 19, 2019 An activist investor in transport giant First Group has stumbled in its attempt to force out six of the firm’s directors after one of its nominees did not agree to stand for a board position. US investor Coast Capital, which holds a near 10 per cent stake in First, has called a radical shakeup of [...]